I would think you'd want an exact match:
=IF(ISERROR(MATCH(A2,L1:L4,0)), "y", "n")

or alternatively:
=IF(ISnumber(MATCH(A2,L1:L4,0)), "n", "y")




Bearacade wrote:

You can save 4 characters by doing this...

=IF(OR($A2="benchmark",$A2="benchmark folder",$A2="physical
name",$A2="label part"), "n", "y")

it doesn't check for case, so you don't have to cap the first
letter...

The other thing you can do is make a table of what you are checking, I
put it in L1:L4

=IF(ISERROR(MATCH(A2,L1:L4)), "y", "n")

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